The US Federal Reserve on Thursday widened a key program to nurse the “Main Street” economy through the coronavirus pandemic, agreeing to lend to even larger firms, taking on more risk in participation with banks, and hinting at some form of dedicated help for non-profits. The central bank...

The share price of Axis Bank gained 5 percent in the morning trade on April 28 after the private lender said it would acquire a 29 percent stake in Max Life Insurance Company. The bank is also to announce its March quarter numbers later in the day. “The board of directors on...